Odaily News Binance CEO Richard Teng recently spoke about innovation and future trends in the crypto space on Raoul Pal's YouTube show. He mentioned various areas in the crypto space, such as games, SocialFi, and DeFi, and pointed out that each area has the potential to drive further adoption. Although some areas like NFT have experienced hype and subsequent cooling, they still have huge growth potential and new use cases. In addition, blockchain technology still has a lot of untapped potential in various fields, including financial services, supply chain management, and digital identity. When asked about Binance's strategic vision, Richard explained that Binance operates in a short-term, focused sprint manner to remain agile and respond to the rapidly changing crypto environment. Despite being a large organization with more than 5,000 employees, Binance maintains flexibility by empowering decentralized teams to make decisions and quickly implement changes based on user feedback and market demand. Looking ahead, Richard is excited about the future of cryptocurrency and its potential to change all walks of life. He expects more adoption, innovative use cases, and further democratization of access to financial opportunities. Richard believes that the development of the crypto industry will create a more inclusive and fair financial system, providing opportunities for individuals around the world. In addition, in Richard's view, smart regulation is the key to fostering a healthy crypto ecosystem. A clear and supportive regulatory framework is essential to attracting investment, encouraging innovation, and managing risks. He used Dubai as an example to describe how active engagement with regulators can help build a vibrant crypto hub in the region.